07.11.2014 08:06:00

Bumi Capital Pte. Ltd -- Moody's: Bumi misses interest payment on its senior secured notes

Singapore, November 07, 2014 -- Bumi Resources Tbk.'s (P.T.) (Bumi, Ca stable) missed the interest payment on its $700 million 10.75% senior secured notes due 2017, at the end of its grace period on 6 November 2014, which constitutes an event of default under its bond indenture. The company plans to make the payment of interest by 28 November 2014. We are not aware of Bumi being presented with a notice of default by bondholders or any other lenders at this time.

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